Short CoveringI have never shorted a stock, so do not know the process. Only guessing from my experience with buying on margin.
When Hindenburg's report surfaced and they stated "zero" I can imagine some enterprising shorts bougtht contracts for something like 6 dollars. My question is when it gets to 9 does the bank or other institution that loaned the shares ask for them back? This would mean the shorter would have to buy today at 9 to get 6. Do I have this correct?
Primarily trying to figure out when we will see a short squeeze (opposite of margin call?). Is there enough uncertainty regarding tomorrow's financials?
That being said, I believe another poster nailed it this morning when they spoke about guidance. I would not be surprised if earnings are 20M...I want to hear what they anticipate next quarter's to be.